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TMK announces discovery of
further gassy coal in Mongolia
MONGOLIA AUSTRALIA’S TMK Energy has announced contents,” the company was cited as saying.
that the drilling of Snow Leopard-2 (SL-02) in Drilling at SL-02 is now complete with the
Mongolia has intersected a further 21 metres total depth of the well at 540m.
of gassy coal in the lower seam, from a depth of The Gurvantes XXXV coalbed methane pro-
457 metres to 478.5 metres, Natural Gas World ject in the South Gobi basin of Mongolia covers
reported. 8,400 km2. It is located around 20 km from the
Taking into account the 70m of coal that Chinese-Mongolian border, close to the north-
was intersected in the upper seam at SL-02, the ern China gas transmission and distribution
total net coal thickness intersected now stands network.
at 91 metres. “Coal core from both the upper TMK earlier this year finalised the acquisition
and lower coal seams at SL-02 have been sam- of Telmen Energy. It held a 100% interest in the
pled for gas desorption testing and preliminary Gurvantes XXXV project.
results indicate that both seams contain high gas
CPC receives Taiwan’s first cargo
of carbon-offset crude
TAIWAN TAIWAN’S CPC announced on June 12 that it of carbon offset operations for emissions related
had received the country’s first cargo of certified to certain elective crude deliveries.
carbon-offset crude. The cargo totalled 1.05mn CPC has also started receiving carbon-neu-
barrels of oil and was delivered by the trading tral cargoes of LNG in recent years, with the
arm of Azerbaijan’s state-owned SOCAR. emissions from those cargoes also offset using
The cargo’s cradle-to-gate greenhouse gas nature-based carbon credits. Last year, the
(GHG) emissions had been offset with carbon company also signed a memorandum of under-
credits certified by the Verified Carbon Standard standing (MoU) with Taiwan Semiconductor
(VCS). All credits had been issued less than six Manufacturing Co. (TSMC) on co-operation
years ago, with the majority derived from nature- over the supply of carbon-neutral LNG.
based projects that have additional Climate, These moves to receive and distribute more
Community and Biodiversity (CCB) accredita- carbon-neutral oil and gas come as Taiwan tar-
tion, CPC stated. gets net-zero GHG emissions by 2050.
The company said the emissions associated Carbon-offset cargoes are rising in popularity
with the cargo had been calculated with sup- but are still rare enough for announcements to
port from Deloitte and Siglar Carbon, with the be given pertaining to individual cargoes, such
calculations then verified by Intertek Group. as the one delivered to CPC this week. However,
The entire trade was independently certified as the use of carbon offsets is not without its crit-
carbon neutral by Intertek and Climate Neutral ics, who point out that the process still generates
Commodity, an independent commodity certi- emissions that would not have otherwise been
fication specialist, CPC added. generated and that need to be compensated
The trade comes after SOCAR and CPC for.
signed a framework agreement on the facilitation
Week 24 15•June•2022 www. NEWSBASE .com P7
